Given Forecast Errors of 4, 8, and −3, What Is

question 68

Multiple Choice

Given forecast errors of 4, 8, and −3, what is the mean absolute deviation?

• A) 3
• B) 4
• C) 5
• D) 6
• E) 9

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Definitions:

Goods Sold

The total quantity or value of products that have been purchased by customers within a given period.

Accounting Exposure

The risk that a company's financial statements can be affected by changes in exchange rates, influencing the reported earnings and financial position.

Apparent Gain

A perceived increase in value or profit that might not reflect the actual financial condition or performance.

Temporal Method

An accounting technique used for converting the financial statements of a subsidiary into the parent company's reporting currency, by using exchange rates based on the timing of the underlying transactions.